Applications Open tomorrow for Cost Rental Apartments Shanganagh Castle Estate

The 195 homes include:

• 19 studio apartments,
• 40-one beds,
• 107 two-beds and
• 29-three beds.

The monthly rent for a studio apartment is €1,175 and the rent for a one-bed is €1,250. The 2-bed apartments are being made available for €1,575 a month and the 3-beds for €1,775. Cost rental offers a long-term secure rental option at below market rates for peoples who do not qualify for social housing but who cannot access the private market without support. On average, the rents charged for cost rental apartments are at least 25% below market rates.Applicants for these cost rental homes must have a net household income of below €66,000. They must also be able to afford the advertised rent, which should not account for more than 35% of their monthly net income. 

Frank Curran, Chief Executive, Dún Laoghaire-Rathdown County Council said:

"Shanganagh Castle Estate is a fantastic new housing development with a great mix of affordable purchase, cost rental, and social homes. The estate is located in a wonderful area with an array of amenities, facilities, and services nearby. Cost rental offers a long-term secure rental option at below market rates for people who do not qualify for social housing but who cannot access the private market without support. These cost rental apartments, the largest Irish project certified to achieve the 'Passive House' low energy standard are designed to be very energy efficient and will have excellent indoor air quality and comfort levels”.

John Coleman, Chief Executive of the LDA said:

“This is a fantastic opportunity for renters to secure a high-quality apartment in a wonderful development.  Our new tenants in Shanganagh Castle Estate will benefit from affordable rents and security of tenure. They will also live in a well-served and desirable location next to the sea, beside Shanganagh Park and close to both the Dublin and Wicklow Mountains. There are a host of amenities and public transport options nearby and both Shankill and Bray are within easy reach".

All queries on the application process, should be directed to info@lda.ie or telephone 01 910 3400.

Apply here from 12noon tomorrow